Banks are 'really, really' afraid of GDPR

Banks are "really, really afraid" of the European Union's imminent General Data Protection Regulation (GDPR), which will come into force in less than two weeks.

Emilie Prodent Pindor, senior manager at KPMG's entrepreneurship and innovation hub Khube, said banks were sitting on a "goldmine" of personal information about their clients but were now wary of how to use it.